BUZZ-Grindr falls as special committee ends talks on $3.46 bln take-private proposal
Reuters
Nov 24
BUZZ-Grindr falls as special committee ends talks on $3.46 bln take-private proposal
** Dating application Grindr's GRND.N shares shares fall 8.3% to $12.69 premarket
** Co's special committee has ended its engagement with an unsolicited take-private proposal from large shareholders George Raymond Zage III and James Lu on financing concerns
** In October, Zage III and Lu offered to take company private for $3.46 bln or $18 per share
** GRND says take-private deal is not in the best interests of the company at this time
** Up to last close, stock has fallen 22.4% this year
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.